Tortoise Investment Management LLC Has $185,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Tortoise Investment Management LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,086 shares of the semiconductor company’s stock after acquiring an additional 265 shares during the quarter. Tortoise Investment Management LLC’s holdings in Texas Instruments were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Syon Capital LLC lifted its stake in shares of Texas Instruments by 22.8% in the fourth quarter. Syon Capital LLC now owns 6,122 shares of the semiconductor company’s stock worth $1,044,000 after buying an additional 1,135 shares during the last quarter. Centaurus Financial Inc. increased its position in Texas Instruments by 6.9% during the fourth quarter. Centaurus Financial Inc. now owns 2,278 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 147 shares during the period. Proathlete Wealth Management LLC bought a new position in Texas Instruments during the fourth quarter worth $598,000. Garde Capital Inc. increased its position in Texas Instruments by 7.2% during the fourth quarter. Garde Capital Inc. now owns 5,298 shares of the semiconductor company’s stock worth $903,000 after acquiring an additional 355 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Texas Instruments by 57.3% during the fourth quarter. V Square Quantitative Management LLC now owns 11,121 shares of the semiconductor company’s stock worth $1,896,000 after acquiring an additional 4,050 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ TXN traded down $2.38 on Friday, hitting $193.90. 3,479,253 shares of the company were exchanged, compared to its average volume of 5,278,203. The firm has a 50 day moving average of $184.81 and a two-hundred day moving average of $172.48. The company has a market cap of $176.54 billion, a P/E ratio of 30.25, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, equities analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.68%. Texas Instruments’s payout ratio is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXN shares. Cantor Fitzgerald boosted their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Evercore ISI boosted their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Truist Financial boosted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.48.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,969 shares of company stock worth $58,427,984. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.